European leaders attempt to resolve crisis

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/AFP

On December 9 European officials will come together for another summit aimed at tackling debt crisis. The main focus of this seminar will be discussing revision of European Union treaties. A key idea is to create a fiscal alliance that would adjust inconsistencies because currently EU has a shared currency and common monetary policy without any instruments to guarantee that members are financially healthy.

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Mon, 05 Dec 2011 10:47:29 GMT

Finland's economy grow faster than Euro area average

According to Statistics Finland, country's economy added 0.9% in third quarter compared to 0.1% growth in second quarter. On yearly basis GDP has gained 2.7% as consumers keep increasing spending. Finland's GDP is surging at nearly four times the velocity of average growth in Eurozone. To compare, even Germany's GDP added only 0.5% in third quarter. 

Mon, 05 Dec 2011 14:00:06 GMT

S&P 500 and Dow Jones end week slightly down

Although US stocks opened higher on Friday morning trade, Dow Jones Industrial Average and S&P 500 Index did not manage to maintain gains and closed slightly down. Dow Jones Industrial Average gave up 0.01% or 0.61 points and closed at 12,019.42 while S&P 500 slid 0.02% or 0.30 points and ended week at 1,244.28. Nasdaq Composite was the only of three major indexes that managed to

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